A. D. Beadell Investment Counsel Inc. lifted its position in shares of Amentum Holdings, Inc. (NYSE:AMTM - Free Report) by 177.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,155 shares of the company's stock after purchasing an additional 27,575 shares during the period. A. D. Beadell Investment Counsel Inc.'s holdings in Amentum were worth $907,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Dover Advisors LLC acquired a new stake in Amentum during the 3rd quarter valued at $219,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Amentum during the 3rd quarter worth about $1,764,000. Heritage Family Offices LLP bought a new stake in shares of Amentum during the 3rd quarter worth about $308,000. ZWJ Investment Counsel Inc. acquired a new position in Amentum in the 3rd quarter valued at about $2,256,000. Finally, Compass Wealth Management LLC bought a new position in Amentum in the 3rd quarter valued at about $804,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.
Amentum Price Performance
Amentum stock traded up $1.11 during mid-day trading on Friday, reaching $22.60. 2,800,008 shares of the company were exchanged, compared to its average volume of 2,683,874. The firm's fifty day simple moving average is $24.14. Amentum Holdings, Inc. has a 12 month low of $18.38 and a 12 month high of $34.50.
Wall Street Analysts Forecast Growth
AMTM has been the topic of several research reports. Truist Financial started coverage on Amentum in a research report on Monday, October 14th. They issued a "buy" rating and a $31.00 target price on the stock. Raymond James began coverage on Amentum in a report on Thursday, November 21st. They set an "outperform" rating and a $30.00 target price for the company. Finally, Royal Bank of Canada initiated coverage on shares of Amentum in a research note on Friday. They issued a "sector perform" rating and a $24.00 price target on the stock.
Check Out Our Latest Stock Analysis on Amentum
Amentum Profile
(
Free Report)
Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.
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